I'd not spend the money on the 14-45mm alone. It's way over priced IMO. Since you already have the 14-42mm, I'd go for the 45-200mm. Recently I went on a weekend family trip and one day I only took the G1 + 45-200mm. It worked well for the most part. In a few occasions I wished a had a wider lens. However, by not having the option, I was forced to be creative in capturing the scenes.

I love EPL1's color. Unless I'll be too unhappy with its video, I don't want a Panasonic body.

I was going to just live with old lenses, I was all prepared for MF, so no problem about that, but I did not know WB was such a hassle to deal with and video was hugely affected (fortunately in a good way with old lenses but too dark for stills).